euro adhoc: init innovation in traffic systems AG / other / init wins contract worth 25 mill. US Dollar from Seattle

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Large order from Seattle

13.03.2007

init innovation in traffic systems AG has secured another major
customer in the USA. By 2011, King County Metro Transit in the US
state of Washington plan to equip their entire vehicle fleet with
hardware and software from the Karlsruhe-based telematics specialist.
Counting a total of 1,449 vehicles, this will be the biggest
installation project involving mobile init systems in the USA to
date, aggregating an order volume of 25 mill. US Dollar (around 19
mill. Euro). The respective contract between Metro Transit and the US
American subsidiary of init innovation in traffic systems AG (INIT,
Inc.) was signed. Along with the COPILOTPpc on-board computer and a
GPS location system, the equipment will include passenger information
displays, vehicle and traffic data processing software, and an
automatic passenger counting system. Following an intensive
procurement process of more than a year, the local public
transportation company, which operates in Seattle and the West Coast
metropolitan region, opted in favor of the telematics system from
init for the control of their vehicle fleet. To date, King County
Metro Transit have twice been honored as the best-run large public
transportation system in North America and are considered one of the
most innovative transportation service providers. They service the
Seattle conurbation with a total population of approx. 1.8 mill. and
transport an estimated 100 mill. passengers each year. The King
County Metro Transit contract will add yet another significant
reference project to init’s growing list - after Vancouver, Canada
the biggest one to date in North America. It will enable init to
extend their North American base considerably and give the company an
edge in future bidding. Against the background of increasing energy
prices in the USA and Canada, both countries are currently expanding
and modernizing their local public transportation systems with
investments running into billions of dollars.

end of announcement euro adhoc 13.03.2007 08:16:27
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ots Originaltext: init innovation in traffic systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
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